Loading
American Oncology Network, a network of oncology practices based in Fort Myers, recently became the region’s newest publicly traded company.
Representatives for the company — including a patient of one of its network doctors — rang the bell for the Nasdaq stock exchange Sept. 21, the same day its shares began trading publicly. Share of AON stock closed that day at $20.50 in high-volume trading. By market close Oct. 6, the share price had fallen by more than half, to $7.93. (That, at least, was up from its $5.92 close Oct. 5.) The company had a market capitalization of $274.71 million as of Oct. 6.
“We think this is a great milestone for what we've accomplished,” CEO Todd Schonherz said in a phone interview that day. “We're more bullish about what the next five years will hold.”
Subscribe today. Cancel anytime.
Your free article limit has been reached this month.
Subscribe now for unlimited digital access to our award-winning business news.
Join thousands of executives who rely on us for insights spanning Tampa Bay to Naples.
